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Ukraine 1H2019 Market Portfolio
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UKRAINE: Fairfax to acquire an additional 29% stake in UNIVERSALNA
Canadian Fairfax Financial Holdings announced its intention to acquire about 29% of the shares of UNIVERSALNA, as Forinsurer reports with reference to the stock market information.
2019-10-17UKRAINE: 2020 Green Card policies will be electronic
Starting July 1st, 2020, a new Green Card electronic policy will be introduced in Ukraine. It will be accepted by all traffic authorities, controlling both domestic movement and movement between the countries of the system, said the General Director of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), Volodimir SHEVCHENKO.
2019-10-09STATISTICS: UKRAINE, 1H2019: total GWP in local currency increased by 16.5% y-o-y with over 98% of GWP collected by TOP-100 out of 249 companies
Market GWP in 1H2019 increased by 16.5% y-o-y and amounted to UAH 27.3 billion (~EUR 918 million), according to the statistical data, published by the regulator.
2019-09-26UKRAINE: supervision and regulation of the insurance market to be transferred to the National Bank of Ukraine
On September 12, 2019 the Verkhovna Rada of Ukraine adopted a bill on "Amending certain legislative acts of Ukraine, concerning the consolidation of the state functions regulating the financial services market", which provides for separation of functions of the National Commission for the financial services market, Forinsurer reports.
2019-09-18UKRAINE: since February 2018 the number of MTPL e-policies exceeded 768 thousand
The total number of MTPL e-policies issued in Ukraine between February 7, 2018 (the date on the system introduction) and to September 1, 2019, reached 768.2 thousand, data of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), quoted by Forinsurer, show.
2019-09-05UKRAINE: new development strategy for the financial market until 2025 under discussion
Regulators of the Ukrainian financial market are inviting financial market participants, experts and international partners to discuss a new development strategy until 2025, Forinsurer reports.
2019-09-05UKRAINE: MTIBU: in January-June 20 MTPL insurers got high rating
According to the quarterly assessment of the MTIBU (Motor Transport Insurance Bureau of Ukraine), in the first half of the current year, 20 MTPL insurers out of 48 bureau members received a high rating, as Forinsurer reports.
2019-08-29UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
2019-08-22UKRAINE: FUIB doubled sales of OSAGO insurance policies
2019-08-20UKRAINE: INGO UKRAINE SEES 35% RISE IN PREMIUMS
2019-08-20UKRAINE: net profit of ARX and ARX Life increased by 58% y-o-y in 1H
In the first half year of 2019, ARX and ARX Life (former AXA Insurance and AXA Life) recorded a total net profit of almost UAH 80 million (+58% y-o-y/~EUR 2.68 million), Forinsurer reports.
2019-08-08UKRAINE: from January to June GWP of ARSENAL Insurance increased by 15% y-o-y
For the first half of the year, GWP of ARSENAL Insurance increased by 15% y-o-y, Forinsurer reports. The key driver of the company's growth is motor insurance.
2019-08-05UKRAINE: January-May MTPL growth exceeded 12% y-o-y
From January to May 2019, Ukrainian insurers generated MTPL GWP 12.3% more y-o-y, and the total number of MTPL policies increased by 3.5%, Forinsurer reports with reference to data published by MTIBU (Motor Transport Insurance Bureau of Ukraine).
2019-07-18Ukrainian insurance market climbs in global rating
2019-07-14UKRAINE: GWP of TAS Group increased by almost 35% y-o-y from January to May
Tas Insurance Group, one of the TOP-5 insurers of Ukraine, generated GWP of UAH 707.45 million (~EUR 23.64 million) from January to May 2019, which is 34.8% more y-o-y, Forinsurer reports.
2019-07-04STATISTICS: UKRAINE, 1Q2019: the market grew by almost 15% y-o-y in local currency
In 1Q2019, total market GWP amounted to UAH 13.3 billion (EUR 436 million), which is 14.74% more y-o-y. Growth was recorded both in the non-life (+14%) and life (+23.6%) sectors, however, market shares remained almost unchanged, as data from the National Financial Services Commission show.
2019-06-20UKRAINE: at the end of April, MTPL increased by more than 13% y-o-y
GWP of MTPL insurers - members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 13.57% y-o-y at the end of April 2019, amounting to UAH 1.578 billion (~EUR 53.31 million), reported Forinsurer.
2019-06-13UKRAINE: 16 MTPL insurers got the highest evaluation rating in 1Q2019
The MTIBU (Motor Transport Insurance Bureau of Ukraine) has published the results of Bureau members' financial stability and claim settlement quality; out of 51 companies licensed for MTPL, 16 insurers got the highest evaluation rating in 1Q2019, Forinsurer reports.
2019-06-06UKRAINE: annual MTPL growth from Jan-March reached almost 19%
For the period from January to March, insurers who are members of MTIBU (Motor Transport Insurance Bureau of Ukraine) generated MTPL GWP of 18.82% more y-o-y. Total GWP amounted to UAH 1.08 billion (~EUR 35.34 million), Forinsurer informed.
2019-05-16NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 48.9%
2019-05-14
